Price for Flax, Raw or Retted in Lithuania - 2023

Price for Flax, Raw or Retted in Lithuania (CIF) - 2022

In 2022, the average flax, raw or retted import price amounted to $3,484 per ton, increasing by 2.5% against the previous year. In general, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 105% against the previous year. The import price peaked at $37,294 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +24.9% per year.

Price for Flax, Raw or Retted in Lithuania (FOB) - 2022

In 2022, the average flax, raw or retted export price amounted to $24,000 per ton, jumping by 820% against the previous year. Over the period under review, the export price saw resilient growth. The pace of growth was the most pronounced in 2017 an increase of 997%. Over the period under review, the average export prices hit record highs at $52,667 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($78,083 per ton), while the average price for exports to Estonia amounted to $2,367 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+26.3%).

Imports of Flax, Raw or Retted in Lithuania

In 2022, supplies from abroad of flax, raw or retted decreased by -59.7% to 26 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 321,175%. As a result, imports attained the peak of 64 tons, and then declined rapidly in the following year.

In value terms, flax, raw or retted imports reduced notably to $90K in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 65,507% against the previous year. As a result, imports attained the peak of $218K, and then fell rapidly in the following year.

Import of Flax, Raw or Retted in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	N/A	N/A	216	85.9	-60.2%
Others	0.6	0.3	2.3	4.3	92.8%
Total	0.6	0.3	218	90.2	431.7%

Top Suppliers of Flax, Raw or Retted to Lithuania in 2022:

India (25.7 tons)

Exports of Flax, Raw or Retted in Lithuania

After three years of growth, overseas shipments of flax, raw or retted decreased by -8.7% to 42 kg in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 44%. As a result, the exports reached the peak of 46 kg, and then dropped in the following year.

In value terms, flax, raw or retted exports soared to $1K in 2022. Over the period under review, exports, however, enjoyed a notable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.